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Key figures on economic effects of hydrogen and carbon capture and storage-led decarbonization in the United Kingdom in 2050, by level*

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Sources

Release date

November 2019

Region

United Kingdom

Survey time period

2019

Supplementary notes

* For information on methodology and key assumptions underlying this forecast, please refer to page 57 of the report.

Citation formats

Decarbonization's economic effect in the UK 2050, by level

Published by ÌÇÐÄÆƽâ°æ Research Department, Aug 20, 2020
In Summer 2019, the UK government announced it would strive towards becoming carbon neutral by 2050. A hydrogen and carbon capture and storage-led decarbonization would require capital investments of *** billion British pounds until the mid century and see hydrogen demand climb to *** terawatt hours per year. This would result in the capture of *** million tonnes of carbon dioxide every year.
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Topics

Carbon capture and storageGlobal climate changeGreenhouse gas emissions in the U.S.Climate change in ChinaGreenhouse gas emissions worldwide
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